e&t honorable mention: watt is pitch
TRANSCRIPT
www.watt-is.com
Watt Intelligent Solutions
True Efficiency starts with Intelligent Solutions
André Pina, [email protected] Carlos Silva, [email protected] Miguel Carvalho, [email protected]
The Problem & The Opportunity
Smart meter
Electricity utility
companies
Aggregated electricity consumption data from smart meters (every 10/15 minutes)
Smart meters are being installed worldwide, pushed by: • Potential economic benefits from remote metering and energy efficiency; • European Directive 2009/72/EC to have 80% of consumers with smart meters
by 2020 and COM(2011) 370 for energy provider companies to promote energy efficiency programs to reduce energy consumption by 1,5%
• $8 Billion pack from the US Government to update the electricity grid.
Watt-IS wants to capitalize on the smart meter infrastructure that is being deployed by creating value added services that: • Can help utilities and smart metering companies promote energy efficiency in
residential clients • Help optimize the overall energy supply chain through a better knowledge of
consumers
Watt-IS Innovative Approach
Proprietary Software with Working Prototype
Washer Dish washer
Fridge
Watt-IS Innovative Approach
• Uses infrastructure that is already being deployed (smart meters)
• Doesn’t rely on additional equipment
• Identifies main appliances in the households
• Estimates energy efficiency measures
HOUSEHOLD SPECIFIC ENERGY EFFICIENCY MEASURES
• Change energy tariff to the dual period tariff and you will save 20 €/year
• Start using your dishwasher and washing machine after 23:00 and you will save 15 €/year
• Comparatively with the average household client your standby is over 30%
• Comparatively with the average household client you are currently using more 15% electricity in
refrigerators. If you have an old refrigerator consider replacing it by a class A+
Powered by
2,9
5,83,8
0,8
2,3
Electricity consumption per day (kWh/day)
Energy Utility Company
1,3
2,71,7
0,4
1,0
CO2 Emissions per day(Kg CO2/day)
455 460 465 470 475 480 485
April
May
June
kWhAverage energy consumption of typical households
Smart Meters Penetration Rate
We estimate about 225 Million meters in the EU and the U.S. in 2020. Other countries such as China, Australia and Brazil are also installing meters.
Current prices for analysis of electricity consumption: • Opower charges utilites 7 € per year per client • The solution proposed by smart meters and plugs providers costs around 30 €
per year to the consumers Estimated market in the EU and the U.S. of: • 294 - 1200 M€ per year with current smart meter penetration • 1600 – 6900 M€ per year in 2020
CAGR, approx. 23%
0
50
100
150
200
250
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
# Sm
art
Met
ers
Mill
ion
s
Rest of Europe Italy France UK
Spain Portugal Malta U.S.
Who is Watt-IS
André Pina: PhD student in Sustainable Energy Systems (IST - MIT Portugal Program)
Carlos Silva: Invited Assistant Professor (IST - MIT Portugal Program) and Energy Efficiency Area coordinator of ENERGYIN
Miguel Carvalho: Executive MBA (AESE/IESE Business School) and Executive Director of the MIT Portugal Program
Funding needed and application
Personnel (Salaries + Training) – 62% • CEO & CTO • 6 Engineers (IT, Signal Processing &
Energy Background) • 1 Project Manager IT Equipment – 12%
SEED FUNDING
400K€
Headquarters & Structure Costs – 16% Promotion – 11% • Business Development Meetings • Conferences • Web Presence
PRODUCT DEVELOPMENT SUPPORT COSTS
(First 18 months)
2012 2013
2nd Pilot ProjectOther European Country
(2nd semester 2012)
1st Customer AbroadOther European Country
(2nd semester 2013)
4.500 80.000
# Households reached
1st Pilot ProjectPortugal
(1st semester 2012)
1st CustomerPortugal
(1st semester 2013)
WATT-IS ROADMAP
www.watt-is.com
Watt Intelligent Solutions
True Efficiency starts with Intelligent Solutions
André Pina, [email protected] Carlos Silva, [email protected] Miguel Carvalho, [email protected]